NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0071%/8h= −7.7% APRnext payment −$0.09 per $10,000 · paid last 24h −0.004%

Price spread now: Lighter against Deribit+0.019%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$160.164% of the position

Long on Deribit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.038%−$4 on $10k

Price spread, last 4 days (all we have)+0.238%+$24 · spread now +0.019%, 7d avg +0.029%

Together, before fees+0.200%+ Points / potential airdropLighter: Season 3 · farm board+$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NVDA_USDC-PERPETUAL	226.86	0.0103	pay 0.0013% / 1h	2m 34s	$53K	$1.9M	10x
Short	Lighter NVDA	226.90	0.0032	get 0.0004% / 1h	2m 34s	$2.1M	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee LighterbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$14.86
Price spread: +0.019% → +0.029%: −$0.96
Slippage, 4 orders: −$9.39
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$32.21
Costs to cover: 0.164%
Break-even: never at this rate

Slippage from Deribit: live order book, 1 min ago; Lighter: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Deribit live order book, 1 min ago	3.75 bp	7.7 bp −$8	8.4 bp −$84	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.29 bp	0.8 bp −$1	1.6 bp −$16	7.4 bp −$742	doesn't fit

NVDA on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NVDAUSDT	0.0000%	8h	226.94	+0.035%	$12.7M	$15.1M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.94	+0.035%	$14.2M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.91	+0.022%	$7.2M	$10.1M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	227.00	+0.062%	$15.7M	$16.0M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	226.57	−0.128%	$2K	$3.5M	20x	as long as short
HTX NVDA-USDT	0.0000%	8h	227.00	+0.062%	$198K	$436K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.97	+0.048%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0010%	1h	226.82	−0.019%	$117K	$51K	10x	as long as short
Lighter NVDAshort	+0.0032%	1h	226.90	+0.019%	$2.1M	$3.3M	20x
Extended NVDA_24_5-USD	+0.0032%	1h	226.76	−0.042%	$640K	$873K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NVDA-USD	+0.0040%	1h	226.90	+0.018%	$392K	$739K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0044%	8h	226.92	+0.028%	$21K	$432K	10x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	227.05	+0.084%	—	$74K	25x	as long as short
Hotstuff NVDA-PERP	+0.0048%	1h	226.79	−0.031%	$35K	—	20x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.79	−0.031%	$147.7M	$44.8M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.81	−0.022%	$392K	$240K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.81	−0.022%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.73	−0.057%	$1.6M	$1.9M	15x	as long as short
Nado NVDA-PERP	+0.0071%	1h	226.80	−0.027%	$482K	$221K	20x	as long as short
QFEX NVDA-USD	+0.0072%	1h	226.93	+0.031%	$1.3M	$9.1M	10x	as long as short
Aster NVDAUSDT	+0.0078%	8h	226.96	+0.044%	$485K	$543K	20x	as long as short
Lighter RH NVDA	+0.0080%	1h	227.05	+0.084%	$5.1M	$7.3M	20x	as long as short
Pacifica NVDA	+0.0100%	1h	226.77	−0.041%	$298K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.74	−0.053%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.90	+0.018%	$36K	$20K	20x	as long as short
Deribit NVDA_USDC-PERPETUALlong	+0.0103%	1h	226.86	long leg	$53K	$1.9M	10x
Variational Omni NVDA	+0.0105%	8h	226.92	+0.025%	$3.2M	$2.5M	—	as long as short
KuCoin NVDAUSDTM	+0.0117%	8h	226.89	+0.013%	$1.6M	$1.1M	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.92	+0.025%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.48	−0.168%	$1.3M	$682K	10x	as long as short
Binance NVDAUSDT	+0.0164%	8h	226.99	+0.057%	$155.6M	$223.1M	50x	as long as short
Phoenix NVDA	+0.0212%	1h	226.84	−0.009%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.96	+0.044%	$73K	$139	30x	as long as short
BloFin NVDA-USDT	+0.0283%	8h	226.98	+0.053%	$712K	$202K	20x	as long as short
edgeX NVDAUSDC	+0.0730%	4h	226.94	+0.036%	$171K	$1.9M	20x	as long as short